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Sep 25, 2012
09/12
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FBC
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the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto gerriwillis.com and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very important survey. up 236 economists across the country working at the companies like procter and gamble, dupont, wells fargo. take a look at this. the majority, three-quarters of them set health care costs will continue to rise despite health reform. he also said 60 percent found -- they found 60% fewer employees, employers will report to the provide coverage. repeal the health care law. here is the other issue that is of importance here. a lot of media headline said that, look, these economists, the majority of them to cut the deficit by a mix of tax hikes and spending cuts. you really, the headlines here, the economists were talking about closing ta
the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto gerriwillis.com and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very important survey. up 236 economists across the country working at the companies like...
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Oct 3, 2012
10/12
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MSNBCW
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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Oct 3, 2012
10/12
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WJLA
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fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd asthe wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middldle class. read my pl. compare it to governor romney's, and decide for yoursel thanks for listening. i'm barack obama a and i approve this message.
fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd asthe wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middldle class. read my...
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411
Sep 30, 2012
09/12
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CSPAN
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eye 411
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a bunlet deficit, but also an investment of jobs, an income deficit. people are working harder for less money than they were making ten years ago. the $16 hundred drop in the st two years. the problem with the perot prescription is that a economists that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have endorsed that approach because it offers the best growth to put america back to get the income rising. >> president bush. >> i disagree with mr. don't think it's fair to slap a 50 cent tax over the many years of the people that drive for a living and peop that go long distances. i don't think we need to it. i agree what talking getting the spending down and the discipline although i think we should exempt social security. he's talking tough medicine. i diith the tax and spend philosophy. i don't think we need to tax more and spend more and say that is going to make the
a bunlet deficit, but also an investment of jobs, an income deficit. people are working harder for less money than they were making ten years ago. the $16 hundred drop in the st two years. the problem with the perot prescription is that a economists that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have...
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Sep 27, 2012
09/12
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CSPAN
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eye 104
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that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if low-income women ever facing increased work in garments. it was absolutely clear and in that debate that most of the low income women been expected to work or not going to earn enough to pay for child care. this is still true. the battle over quality was eliminated. the governor leading the welfare discussion wanted to completely eliminate minimum standards on the quality set aside. we won bipartisan support to maintain both, but we lost the requirement. there was no meaningful discussion of improvements over those two yea
that deficit reduction bill. this summer at the child-care hearing, it made a big difference for parents and providers. let's turn to 1996. the debate was very basic. congress decided to end that child care entitlement at the same time they're ending welfare as we know it. however, advocates joined by governors and congress and the clinton administration, agreed that funds and a doctor was necessary if low income women were facing increased work requirements -- -- in child care was necessary if...
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Oct 1, 2012
10/12
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CSPAN2
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we haven't quite recognized the deficit we have their. as for the state level i think a lot has happened. we work of the state level and attempt to put together work of kids through consumption properly taken care of and educated and carried from conception to kindergarten. we are finding more and more business people who get the reality. the hour understanding with the situation as they are increasingly ready to take action in this area that supported salles solomon to resolve problems we find the report last march from pre-que to the cost and difficulty through kindergarten provided to 100 kids yields the reduction in special-education alone. so what is -- there is that the state level this understanding to take place and people can act on it and it can be done on a school district level. so in many respects, the power of technology and communications for this enabling people and local levels to act in ways they cannot at federally and as the act in the region and the state level it becomes then clear of the federal level what needs to
we haven't quite recognized the deficit we have their. as for the state level i think a lot has happened. we work of the state level and attempt to put together work of kids through consumption properly taken care of and educated and carried from conception to kindergarten. we are finding more and more business people who get the reality. the hour understanding with the situation as they are increasingly ready to take action in this area that supported salles solomon to resolve problems we find...
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Oct 1, 2012
10/12
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CSPAN
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get...
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Oct 2, 2012
10/12
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CSPAN2
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we are going to beat the one 112 congress and also identify some of the deficits. we are going to do my speaking portion very quickly because it's really interesting is of course a panelist on to say. to mr. for introducing them. on my right is hugh halpern, staff director for the u.s. house of representatives committee and rules. on the committee is served us chief advisor. immediately to my left is jim harper, director of policy studies at the cato institute and also the founder of washington watch.com, which keeps a close eye on legislation and federal funding. jenna sasser to mention washington watch.com at least several times during the course of this presentation. last but not least is john wonderlich, policy director at all about transparency guide. that is his official title. more information about today's panel under chairs and also at transparency cockiest.org. i would like to thank representative issa andrew gray, cochairs of the congressional congress for giving us the space to have >> thanks, daniel. thanks to you and the advisory committee and the sun
we are going to beat the one 112 congress and also identify some of the deficits. we are going to do my speaking portion very quickly because it's really interesting is of course a panelist on to say. to mr. for introducing them. on my right is hugh halpern, staff director for the u.s. house of representatives committee and rules. on the committee is served us chief advisor. immediately to my left is jim harper, director of policy studies at the cato institute and also the founder of washington...
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Sep 25, 2012
09/12
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eye 160
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Oct 2, 2012
10/12
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CSPAN
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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Oct 2, 2012
10/12
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CURRENT
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and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has put his surrogates in a bit of a tough spot. here is paul ryan trying to explain the impossible on fox us in yesterday. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away deductions. and we'll get to that. the first half lowering the tax rates does that cost $5 trillion -- >> no. >> you haven't given me the math. >> oh, it would take me too long to go through the math. >> come on i don't have the time to tell you how the math works. then he follows that awkward statement with another statement today. >> i like chris. i didn't want to get into all of any math of this because everybody would start changing the channel. >> jennifer: kind of funny. i isn't know candidates were worried about fox news ratings, and it wasn't just paul ryan having difficulty with this issue. governor bob mcdonald today was also at a loss to explain this math. >> where is the
and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has put his surrogates in a bit of a tough spot. here is paul ryan trying to explain the impossible on fox us in yesterday. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away deductions. and we'll get to that. the first half lowering the tax...
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Sep 29, 2012
09/12
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? the average income of those folks is $8.4 million the year. they do not need a tax cut. that what? middle-class families need a handout. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney has another tax cut, costing the economy $1.70 trillion. g
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Oct 1, 2012
10/12
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why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his failed bid to become lieutenant governor, released his tax returns. he did not pay any federal income tax for two years. what is it that mr. plummer has not paid? >> mr. palmer? >> i will answer the question. if you look and what is happening right now in the united states, if you look at what is happening, you have politicians of both polos -- part is not being honest with the voters. the bush tax cuts -- i will call of the obama tax cuts because they supported the extension. we have a tax code that is more than 72,000 p
why do we have a deficit? we have a deficit because of the bushmen in their tax cuts, -- bush millionaires' tax cuts, because they are not paying their fair share of taxes. mitt romney is paying 14% of his income. i do not care how much mr. plummer made, but it is how much he paid. if mitt romney paid 14%, mr. plummer want to go to congress and he wants to write tax policy. don't you think it is fair that he discloses what his tax returns are? [applause] center brady, his running mate, in his...
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Oct 3, 2012
10/12
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WUSA
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breakout moment and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through. but both candidates are seasoned debaters. and right now, romney is spending time with his family at a denver hotel and president obama just wrapped up his walk through of the debate hall. live in denver, colorado, danielle nottingham, back to you. >> we are four hours from 9:00 when the debate will all get started tonight. there is a new u.s.a. poll out today. they asked the voters who do you think will win this debate regardless of who you support? 57% said president obama would probably win. 33% said mitt romney was likely the better debater. susan page says this debate has a lot of power. >> 80% of americans say their mind is made up, they aren't going to change their vote, but 21% of registered voters said they could change their mind. >> you just heard it. the significant group of voters could be persuadeable as is describe
breakout moment and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through. but both candidates are seasoned debaters. and right now, romney is spending time with his family at a denver hotel and president obama just wrapped up his walk through of the debate hall. live in denver, colorado,...
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Sep 28, 2012
09/12
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s debtore anus >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the be >> he needs tock wite s. abo t economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating is sticking at 50%. and this could turn out to be his bestonth in a year. >> trapofos washington. thank you. >>> last night on the rachel madow show bill burton talked to racel about the impact or lack thereof super packs are having on the romney campaign. ory tel about mitt t romney is there is no story about mitt romney. the story they tell about barack obama is well he's always bad things. if you're trying to figure out well what is it that - what's the strategy here? how are we trying toin ts ra itorfi on their side. that's why they're so inefficient with their money. spending is a wreck. message is all over the p
s debtore anus >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the be >> he needs tock wite s. abo t economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating...
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Sep 28, 2012
09/12
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the fact of the matter is i have been working to bring down the deficit for years. it is very important we do it for the very reason that was stated about national security. let's examine the facts. my number one, too, and three priorities are creating jobs in the state of nevada. we help small businesses, make nevada the energy jobs capital of the united states, we create good paying jobs right here in the state of nevada, help our tourism industry create good paying jobs. my opponent does not do anything for middle income families. he does nothing to get people back to work. i am fighting day and night to make sure we get good paying jobs, that we keep people in their homes, that we protect medicare and social security. my opponent is voting for budget after budget that takes away and balances our budget on the backs of our senior citizens and our veterans. >> thank you. our next question is directed at senator heller. >> into 2011, you voted twice, once as a congressman and once at a senator, for a plan that would change the medicare program. could you explain yo
the fact of the matter is i have been working to bring down the deficit for years. it is very important we do it for the very reason that was stated about national security. let's examine the facts. my number one, too, and three priorities are creating jobs in the state of nevada. we help small businesses, make nevada the energy jobs capital of the united states, we create good paying jobs right here in the state of nevada, help our tourism industry create good paying jobs. my opponent does not...
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Sep 28, 2012
09/12
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WTTG
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eye 136
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those who believe they want bigger government, more intrusive government, deficits as far as the eye can see will vote for him. those who think we should encourage economic growth, promote small business, and create more jobs will vote for me. >> the first debate will take place next wednesday night in denver. >>> president obama is urging patients when it comes to this country's economic recovery. he spoke of what he calls an economic patriotism during a rally yesterday in virginia beach. >> an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. i won't pretend that getting there is easy. the truth is it's going to take a few more years to solve challenges that were building up over decades, but i want everybody here to understand our problems can be solved. our challenges will be met. >> the president will hold campaign events here in washington. >>> pick up the pace. that's d.c. council mayor marion berry's demand to council members investigating the 2010 campaign of vincent gray. he also accused prosecutors of dragging
those who believe they want bigger government, more intrusive government, deficits as far as the eye can see will vote for him. those who think we should encourage economic growth, promote small business, and create more jobs will vote for me. >> the first debate will take place next wednesday night in denver. >>> president obama is urging patients when it comes to this country's economic recovery. he spoke of what he calls an economic patriotism during a rally yesterday in...
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Sep 25, 2012
09/12
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CSPAN
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Sep 27, 2012
09/12
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CSPAN
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eye 142
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now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right. defense spending is only 20% of the discretionary budget. the defense of the country is -- we do have to see that that is being maintained at an adequate level. no one suggest we are in less dangerous times. the reverse is true. cyberwarfare. thing about north korea. -- think about north korea. we have the kind of unlevel playing field that has worked so well all this time. we're not going into a period that is fatal. how do you balance your budget is a bigger question. that is what we elected our members of congress to do, to make those tough decisions about e
now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right....
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Oct 2, 2012
10/12
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KTVU
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a bipartisan group of centers is working on a plan to put off cuts while addressing the deficit. lawmakers say no action will be taken until after november. >>> time now 5:04, the national pole is out, showing the race for the white house is still very close. according to a "c" nbc survey -- a cnn survey say they favor obama when it comes to the presidential nominee. mitt romney appeared to have an edge among likely voters. president barack obama appears to have an advantage when it comes to taxes, healthcare and foreign policy. now another pole shows the steaks are high when it comes to women voters. we will take you live to washington d.c. and we will hear how president barack obama and mitt romney are getting ready for tomorrow night's big bee bait. >>> allie rasmus joins us from outside the oakland coliseum with the celebration that followed the clencher, good morning allie. >> reporter: the team is headed to the playoffs, last night they secured one of the two wildcard spots in the american league west. with that the oakland a's beat the texas rangers and they had their hats
a bipartisan group of centers is working on a plan to put off cuts while addressing the deficit. lawmakers say no action will be taken until after november. >>> time now 5:04, the national pole is out, showing the race for the white house is still very close. according to a "c" nbc survey -- a cnn survey say they favor obama when it comes to the presidential nominee. mitt romney appeared to have an edge among likely voters. president barack obama appears to have an advantage...
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Sep 28, 2012
09/12
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WTTG
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eye 209
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those who believe we want bigger government, more intrusive government, trillion dollar deficits as far as the eye can see will vote for him. those who believe we should encourage economic growth, support small business, and create more jobs will vote for me. >> that first debate will take place wednesday night in denver. >>> president obama will stay here in the district today. he has three campaign events scheduled in d.c. the president also campaigned yesterday in virginia. he was 200 miles from romney in virginia beach. >>> the nfl referees are back on the job. the regular refs received a standing ovation when we took the field before last night's ravens-bengals game in baltimore. the honeymoon was short-lived, as you might imagine. the crowd quickly booed when the hometown ravens were called for an unsportsmanlike penalty. this was the first game since the nfl and players union reached a tentative agreement on a new labor contract. nfl commissioner roger goodell apologized to fans for the lockout. >> we're sorry to bring our fans through that, sorry to bring the general public thro
those who believe we want bigger government, more intrusive government, trillion dollar deficits as far as the eye can see will vote for him. those who believe we should encourage economic growth, support small business, and create more jobs will vote for me. >> that first debate will take place wednesday night in denver. >>> president obama will stay here in the district today. he has three campaign events scheduled in d.c. the president also campaigned yesterday in virginia. he...
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Sep 28, 2012
09/12
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which is that in the past, there been conversations about trouble with the deficit yet there with the ability to think about investing in young children and now grappling with that. we are dead a place where we as a society cannot think about it in a broader way because we are seeing a shrinking pie. that is a big problem to put out there. at the state level, there are -- because of the race to the top, early learning challenge grants have some really innovative and dynamic leaders. we have some states that are moving fairly quickly in a constrained environment. to be thinking about more children having access or at least setting up a stage so children will have access when things open up a little bit again. now we have almost a have not situation. educational opportunities depend on zip code. we are in the same place when it comes to young children, opportunities for their families, opportunities for early learning environment. there is more to say on the state front. i would encourage you to look at a previous event that david and i held, that is online, the video is archived. i wil
which is that in the past, there been conversations about trouble with the deficit yet there with the ability to think about investing in young children and now grappling with that. we are dead a place where we as a society cannot think about it in a broader way because we are seeing a shrinking pie. that is a big problem to put out there. at the state level, there are -- because of the race to the top, early learning challenge grants have some really innovative and dynamic leaders. we have...
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Oct 2, 2012
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in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can like this or do we need to melt it down and reshape it and use it for different parts of the whole system? and we're going to need more of these analyses. we'll need more analyses not just the distributional effects but the tradeoffs. for example if we want to keep tax cuts low, we need to broaden the base. what are some different tradeoffs if i want to lower the rates by 10%, how much am i going to have to broad the base. what are the most progressive elements of that? tax policy center will be busy in the next year is what i predict and, i think that what wee need to do is kee
in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can...
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Oct 1, 2012
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we have this huge deficit. we have crumbling infrastructure in america, we have huge problems here, and we're a lot safer today on the afghanistan/pakistan border because of the drones. you know, it's not just that bin laden is gone. al qaeda's greatly, greatly weakened in that part of the world, so we're a lot stronger today than we were -- a lot safer from al qaeda than we were five years ago, ten years ago. so it's not that nothing has been accomplished, but having more troops stay there and try to win over the hearts and minds of the various tribes, it's tough in iraq, but it's even tougher in afghanistan. i think the president's done the rite thing, a clear deadline and we're getting out. >> to take you back home with the election coming up, what is your understanding of what the president would do in a second term to deal with the fiscal cliff and to help create jobs? >> i think you're going to see real leadership from the president from the get-go from the day after the election. i think that he believes
we have this huge deficit. we have crumbling infrastructure in america, we have huge problems here, and we're a lot safer today on the afghanistan/pakistan border because of the drones. you know, it's not just that bin laden is gone. al qaeda's greatly, greatly weakened in that part of the world, so we're a lot stronger today than we were -- a lot safer from al qaeda than we were five years ago, ten years ago. so it's not that nothing has been accomplished, but having more troops stay there and...
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Oct 4, 2012
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in addition, we are very focused on the debt and the deficit. the spending of the government is out of control. it needs to be fixed. if we keep spending, it is not sustainable. it is not fair to other generations. >> how long have you been a republican? the republican party today has a lot of diversity within it in terms of opinions of a social and economic issues. which one is the most important you about being a republican? >> i would say i became a republican when senator obama was running for presidency. that is when i was interested in politics. i began setting it and realized i disagreed a lot with what he was saying. that is when i started paying attention to it. >> what you're are you in school right now? >> i'm currently a junior. -- what year are you in in school or not? >> i am currently a junior. >> what about after college? >> i am not entirely sure right now. >> where will you be watching? >> i will probably be with the rest of my fellow classmates. >> what will you be looking for? >> iowa looking to see how each candidate differs
in addition, we are very focused on the debt and the deficit. the spending of the government is out of control. it needs to be fixed. if we keep spending, it is not sustainable. it is not fair to other generations. >> how long have you been a republican? the republican party today has a lot of diversity within it in terms of opinions of a social and economic issues. which one is the most important you about being a republican? >> i would say i became a republican when senator obama...
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Sep 27, 2012
09/12
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deficit reduction enacted now with enforceable limitation of limited period down the road would provide time, hopefully, for recovery to take gold and could contribute significantly to that recovery by ginger in economic confidence and by creating a fiscal content that would allow a stimulus. more broadly, the hamilton project convenes to liberation of her aspects of our broader shorter-term duress, including stimulus and mortgage relief. but our primary focus continues to be long-term economic policy. turning to the longer-term, our country has enormous strengths, dynamic and entrepreneur culture or ask not your resource, rule of law, flexible labor and capital markets, and so much else. dust, -- that's there are immediate hardships to be addressed. we are well-positioned to succeed for the transforming global economy. however realizing that potential requires sound fiscal conditions instead of the current unsustainable and dangers fiscal trajectory, strong public investment in areas critical to economic success, and reform in non-budgetary areas such as health care, energy, immigratio
deficit reduction enacted now with enforceable limitation of limited period down the road would provide time, hopefully, for recovery to take gold and could contribute significantly to that recovery by ginger in economic confidence and by creating a fiscal content that would allow a stimulus. more broadly, the hamilton project convenes to liberation of her aspects of our broader shorter-term duress, including stimulus and mortgage relief. but our primary focus continues to be long-term economic...
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Oct 2, 2012
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bipartisan group of senators are working on a plan that would put off increases in cuts while addressing the deficit. lawmakers say no action will be taken until after november. >>> mitt romney's campaign is out with a new scathing add campaign ahead of tomorrow's debate. here is more on how the ads target president barack obama on taxes. >> reporter: the mitt romney's campaign new slow began, we can't afford four more years of president barack obama. and in a new ad out today, mitt romney is accusing president barack obama of raising new taxes and planning new tax increases if he gets another term. >> liberals pay for government run healthcare, you will pay more for taxes and for your medicine. >> reporter: campaign staffers say he has lowered taxes and his claim is mostly true, both candidates are spending the day off the campaign trail practicing for tomorrow's big day. mitt romney is softening his stance on a key immigration issue and now he is saying he will honor temporary work permits, allow them to stay in the united states because of president barack obama's recent executive order. reportin
bipartisan group of senators are working on a plan that would put off increases in cuts while addressing the deficit. lawmakers say no action will be taken until after november. >>> mitt romney's campaign is out with a new scathing add campaign ahead of tomorrow's debate. here is more on how the ads target president barack obama on taxes. >> reporter: the mitt romney's campaign new slow began, we can't afford four more years of president barack obama. and in a new ad out today,...
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Sep 25, 2012
09/12
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Oct 1, 2012
10/12
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the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning. two days until the first presidential debate. both candidates are getting last-minute preparations. "the new york times" reporting that mitt romney is coming armed on wednesday night, writing this, mr. romney's team has concluded the debates are about creating moments and has equipped him with a series of zingers that he's memorized and habeen practicing on airds since august. president obama responded to that report last night with this. >> i know folks in the media are speculating already on who's going to have the best zingers. i don't know about that. who's going to put the most points on the board. governo
the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning....
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Oct 3, 2012
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milpitas has a $9 million budget deficit. however, the santa clara county sheriff's office just pulled out of the bidding to take over the city's law enforcement. so the milpitas city council will let the public vote on whether thety should outsource police service -- police -- whether the police should out source police service. >>> highway 4 is back open after a messy accident last night around 10:30 a dark car hit the center divide and slammed into a white suv. the driver of the suv suffered injuries but his wife says the situation could have been a lot was -- a lot worse. >> somebody was -- the air bags did save his lives. >> the other driver was arrested on suspicion of driving under the influence. >>> also on highway 4, antioch police are looking for someone who has been throwing objects from an overpass. three vehicles including an ambulance have been damaged since thursday. one driver suffered injuries. all three incidents happened near g street. anyone with information is asked to call local police. >>> 8:34. a vigil
milpitas has a $9 million budget deficit. however, the santa clara county sheriff's office just pulled out of the bidding to take over the city's law enforcement. so the milpitas city council will let the public vote on whether thety should outsource police service -- police -- whether the police should out source police service. >>> highway 4 is back open after a messy accident last night around 10:30 a dark car hit the center divide and slammed into a white suv. the driver of the suv...
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they include reducing the deficit about4 trillion over ten years, an overhaul of the tax code, and changes to medicare and social security. now, if congress can't avoid that cliff, it also means an end to several tax cuts and a huge boost in the action at thats you will pay. the nonpartisan tax policy center estimates the average household will pay $3,500 more in taxes. the two policies which impact the average american the most are payroll taxes and the bush era tax cuts. democrats have already said they will not accept a deal unless tax cuts to americans making more than $250,000 a year are allowed to expire. >>> 5:06. 64 degrees. the phone wars between apple and samsung takes another nasty turn. >>> also ahead, crossing the line. the incident that has one police officer in hot water this morning. "and what's your name?" "oh, it's flo." "and what do you do?" "oh, i sell insurance like no one else." "oh, that's nice." "thank you." now, that's progressive. call or click today. >>> welcome back apparently, looking at photos and videos of cute, fuzzy baby animals can help improve your produc
they include reducing the deficit about4 trillion over ten years, an overhaul of the tax code, and changes to medicare and social security. now, if congress can't avoid that cliff, it also means an end to several tax cuts and a huge boost in the action at thats you will pay. the nonpartisan tax policy center estimates the average household will pay $3,500 more in taxes. the two policies which impact the average american the most are payroll taxes and the bush era tax cuts. democrats have...
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Oct 2, 2012
10/12
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sadly to me is the fact that the president goes on tv the other day and says, well, the debt and the deficit in the country, now, that's a problem in the long term, but it's not a short-term problem. the truth the average american understands the truth. the american government can't spend itself rich just like the american family want spend itself rich. if just the debt is a long-term problem, if you wait till the long term, the kinds of changes you'll have to make, the kind of cuts, the kind of cracking-down are unbelievable by the standards that if we deal with this today it is not that big a deal. >> greta: governor, they're not even working on it. i mean, nothing is being done by anybody to work on it. absolutely zero. >> in all fairness, nothing has been done by barack obama. i mean, barack obama hasn't introduced a budget in three years that a democrat would vote for, but paul ryan has. >> greta: if i were a republican right now, i'd be here in washington, saying where's the president? >> but paul ryan has produced budgets, and the democrats say these terrible draconian budgets -- unde
sadly to me is the fact that the president goes on tv the other day and says, well, the debt and the deficit in the country, now, that's a problem in the long term, but it's not a short-term problem. the truth the average american understands the truth. the american government can't spend itself rich just like the american family want spend itself rich. if just the debt is a long-term problem, if you wait till the long term, the kinds of changes you'll have to make, the kind of cuts, the kind...
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Sep 28, 2012
09/12
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WTTG
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those who believe we want bigger government, more intrusive government, trillion dollar deficits as far as the eye can see will vote for him. those who believe we should encourage economic growth, support small business, and create more jobs will vote for me. >> that first debate will take place next wednesday night in denver. >>> president obama is urging patience when it comes to this country's economic recovery. he spoke of what he calls an economic patriotism during a rally yesterday in virginia beach. >> an economic patriotism rooted in the belief that growing our economy belongs with a strong and thriving middle class. i won't pretend that getting there is easy. the truth is it's going to take a few more years to solve challenges that we're building up over decades. but i want everybody here to understand our problems can be solved. our challenges will be met. >> the president will hold a campaign event today here in washington. >>> one person is dead after a wrong way crash in stafford, virginia. the accident happened around 4:30 yesterday along route 17 near stafford lakes parkw
those who believe we want bigger government, more intrusive government, trillion dollar deficits as far as the eye can see will vote for him. those who believe we should encourage economic growth, support small business, and create more jobs will vote for me. >> that first debate will take place next wednesday night in denver. >>> president obama is urging patience when it comes to this country's economic recovery. he spoke of what he calls an economic patriotism during a rally...
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Sep 30, 2012
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regarding the debt and the deficit, there is this piece from "the washington post." in the debt crisis, ryan was on the sidelines. there is a " further in the body from a republican senator who set up a " i have never viewed it paul as one who gets into the fray from a negotiating standpoint. i do not mean that he cannot do it. i just mean he has chosen not to." becky is on the phone from michigan. caller: good morning. i was trying to think what year it was when ralph nader ran for president. you and only you as far as i know carried a debate. i think there were three people that were other parties. host: it was 2000. caller: i listened to those -- the ones that were not the mainstream democrats and republicans. even though i may not vote for them, that is not what is important. what is important is that every single one of them had at least one just terrific idea for solving some kind of big problem we have a. -- we have. to have those people up there with the democrats and republicans talking about things that have never been talked about before could get the peop
regarding the debt and the deficit, there is this piece from "the washington post." in the debt crisis, ryan was on the sidelines. there is a " further in the body from a republican senator who set up a " i have never viewed it paul as one who gets into the fray from a negotiating standpoint. i do not mean that he cannot do it. i just mean he has chosen not to." becky is on the phone from michigan. caller: good morning. i was trying to think what year it was when ralph...
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Oct 1, 2012
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the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and inabilities to watch sports even if it means sacrificing sleep. >>> another water cooler topic. arnold schwarzenegger puts himself in the hot seat answering questions about his failed marriage, his affair, his love child, and the fact that he performed same-sex marriages while in office. we're going to hear directly from arnold, coming up next. >> big. ♪ well, he's not very handsome ♪ to look at [ sighs ] ♪ oh, he's shaggy ♪ and he eats like a hog [ male announcer ] the volkswagen jetta. available with advanced keyless technology. control everything from your pocket, purse, or wherever. that's the power o
the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and...
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Oct 1, 2012
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and we need to cut -- close the deficit by a trillion. we got a trillion dollar deficit and it raises like -- i think it's less. maybe 40 billion. >> are you correct, it's not sufficient. >> and he's not talking about anything else. you can keep your entitlement, keep this -- he's not talking about doing specific things with entitlements. >> you're right to this extent. he's not talking specifics on entitlements. >> it's mostly we'll tax rich people so that -- or people that make over 250 and you'll basically get to keep everything including the phones. >> joe, i thought you either wanted to talk about the last minute kick that a billy -- >> i didn't see that. oh, the redskins. >> or my terrific story on debates in the "new york times" this morning. >> it was between piece. it was a very good piece. >> i did see that. >> thank you. let me recap. >> you didn't even mention the bengals beat the redskins. >> i was going to if you brought it up. and congratses on the reds, too. they have tied the nationals for best record in baseball. so we'v
and we need to cut -- close the deficit by a trillion. we got a trillion dollar deficit and it raises like -- i think it's less. maybe 40 billion. >> are you correct, it's not sufficient. >> and he's not talking about anything else. you can keep your entitlement, keep this -- he's not talking about doing specific things with entitlements. >> you're right to this extent. he's not talking specifics on entitlements. >> it's mostly we'll tax rich people so that -- or people...
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Sep 27, 2012
09/12
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made energy, and train workers and reduce the deficit. voters in ohio liked the message the president delivered on jobs there yesterday. polls show mr. obama widening his lead in the state. mitt romney also in the buckeye state telling audiences he cares about the people of america. romney acknowledging that some of the polls show him behind president obama. but he pointed to the first presidential debate less than a week from now as a potential turning point in the race. >>> in new york it was a rough ride for nearly 200 people aboard a brazilian jetliner from rio. they were bracing for a crash landing at kennedy airport because the landing gear was stuck sideways. you can see it there. the pilot circled twice before touching down. the nose gear seemed to miraculously straighten itself out just before the plane hit the tarmac. thankfully no one was injured. but some anxious moments aboard that plane. >>> airlines across the country are raking in big profits from what used to be a free service. they're pocketing billions of dollars in bag
made energy, and train workers and reduce the deficit. voters in ohio liked the message the president delivered on jobs there yesterday. polls show mr. obama widening his lead in the state. mitt romney also in the buckeye state telling audiences he cares about the people of america. romney acknowledging that some of the polls show him behind president obama. but he pointed to the first presidential debate less than a week from now as a potential turning point in the race. >>> in new...
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we contact have a $16 trillion deficit for the future. we cannot have the greatest tax hike in american history. we must work to bring jobs back to america and we have to do it the right way. but the most important -- i'm sorry. >> shannon: we have to leave it there. we are out of time. vernon parker -- >> visit my web site. visit vernonparker.com. we stand for restoring the american dream. god bless you all. >> shannon: thank you. fair and balanced. in the next hour, we'll hear from vernon parker's opponent. and we will ask her about charges that she is too extreme to representative arizona. many of the justices attended a special mass here in washington today. coming up, we will take a look at the term ahead with the court set to way in on affirmative action, voting rights act and maybe even gay marriage. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8... to meet the need
we contact have a $16 trillion deficit for the future. we cannot have the greatest tax hike in american history. we must work to bring jobs back to america and we have to do it the right way. but the most important -- i'm sorry. >> shannon: we have to leave it there. we are out of time. vernon parker -- >> visit my web site. visit vernonparker.com. we stand for restoring the american dream. god bless you all. >> shannon: thank you. fair and balanced. in the next hour, we'll...
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Oct 1, 2012
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that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creors. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everyby to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united stas, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same
that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creors. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those...
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Oct 2, 2012
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CURRENT
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and let's have less revenue and fix the deficit using hogwarts magic which is pretty much the paul ryan idea. that's what the widow's peak is about. i think it is part of his -- >> part of his dark hearts. >> john: they're slytherin all the way. i wouldn't trust them on a quidditch field. here is great audio that i'm thrilled about. i want to play all of this. todd akin, america's sweetheart. we talked with laura bassett about todd akin and about this guy should be written off forever about his comments about legitimate rape and how the woman's body has a way of shutting down pregnancies that were brought on by legitimate rape as opposed to the illegitimate kind that kind of makes me feel dirty. i feel better then is legitimate. don't you, peter? >> absolutely. >> john: todd akin managed to say something more offensive than that in my opinion. a lot of you will disagree. we've seen the rnc running to todd akin's defense after begging him to drop out. reince priebus -- you know what his name is if you take out the vowels, it is rnc pr b.s. mitt romney will have to be called upon to see w
and let's have less revenue and fix the deficit using hogwarts magic which is pretty much the paul ryan idea. that's what the widow's peak is about. i think it is part of his -- >> part of his dark hearts. >> john: they're slytherin all the way. i wouldn't trust them on a quidditch field. here is great audio that i'm thrilled about. i want to play all of this. todd akin, america's sweetheart. we talked with laura bassett about todd akin and about this guy should be written off...
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Sep 29, 2012
09/12
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let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. welfarerid of corporate for big corporate farms and big oil. i'd also let the bush tax cuts for the top % expire. i also want to look at the record contrast. i already told you about the policies that tommy thompson supported that added over $3.5 trillion to the debt when president bush was in office. i opposed those irresponsible plans that added to our debt. so now in the future, tommy thompson supports a plan that adds trillions more in tax cuts for the very wealthy and raises taxes on the middle class. for's the wrong scription tackling our -- prescription for tackling our debt. >> our next question, from robert kennedy, directed first to r
let me talk about what i would cut in order to grapple with our deficit and our debt. i'd end the war, i've worked to end the war in afghanistan which costs us $ billion a week. i would get rid of the sweetheart deal tommy thompson negotiated as head of medicare that makes it illegal for drug companies to bargain with -- medicare to bargain with drug companies for better prices for seniors that one costs us $15 billion per year. welfarerid of corporate for big corporate farms and big oil. i'd...
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Sep 28, 2012
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i do think the deficit is a real issue. you cannot borrow for ever. look at what is going on in spain and italy. and throughout europe. you are walking on eggshells. at some point this debt will come back to haunt us. we do need to recognize that you cannot borrow for ever. we have learned that from europe. when you start implementing sharp austerity, you will see a social unrest throughout madrid. as we speak, you have protesters pouncing on the floor of parliament because they do not want the austerity. we can i get to the point. -- we cannot get to that point. that is a dangerous scenario. we need to hear our leadership recognize and communicate that this is an issue but we are handling it. we haven't really seen that. host: this story this morning from "the financial times." we will show you that article. and the current unemployment rate of 8.1%. with all these numbers and worries, why is the stock market at 13,500 points? should we look at that as an indication of economic strength or health? guest: there is a disconnect in the stock market vers
i do think the deficit is a real issue. you cannot borrow for ever. look at what is going on in spain and italy. and throughout europe. you are walking on eggshells. at some point this debt will come back to haunt us. we do need to recognize that you cannot borrow for ever. we have learned that from europe. when you start implementing sharp austerity, you will see a social unrest throughout madrid. as we speak, you have protesters pouncing on the floor of parliament because they do not want the...